Solar+Storage

Capstone Green Energy Secures Additional Energy-as-a-Service Contract from a Large West Texas Oil Producer

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Capstone Green Energy Corporation a global leader in carbon reduction and on-site resilient green Energy-as-a-Service (EaaS) solutions, announced that its southern U.S. distributor, Lone Star Power Solutions, has contracted with a large West Texas energy company to provide an additional C800S Signature Series microturbine following a 3.6 MW Energy-as-a-Service (EaaS) contract earlier this year.

“Our new and existing customers continue to find value in our EaaS rental offerings. We are seeing repeat orders from core industry segments like oil and gas while also expanding interest from new areas like Electric Vehicle (EV) charging providers. EaaS is proving itself to be a win-win solution as it meets the Capstone customer need to manage capital investment while delivering reliable, lower emissions energy, and it meets Capstone’s need for higher margins and predictable revenues and cash flow,” said Darren Jamison, Capstone Green Energy President and Chief Executive Officer.

The large West Texas energy producer is using the microturbine energy systems to power production loads using the on-site gas produced from its day-to-day operations. Capstone’s EaaS solution was selected due to its proven track record of reliability in remote oil and gas fields across the world and its extremely low emissions profile as the energy company looks to decarbonize its operations. Additionally, because all maintenance is included with the rental contract, the customer will benefit from fixed operating costs for the term of rental, offering cost savings and convenience.

“Capstone’s market-leading emissions and reliability are features our customers value,” said Doug Demaret, President of Lone Star Power Solutions. “With emissions that are 90% lower than our customer’s previous solution and a cutting edge on-site power generation technology that requires only 6 hours of planned maintenance per year, we have enabled our customers to focus on their core business and not worry about power reliability.”

About Capstone Green Energy

Capstone Green Energy is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.

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